XML 44 R37.htm IDEA: XBRL DOCUMENT
v2.4.1.9

Discontinued Operations (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2014
Summary of the results of discontinued operations | The following table summarizes the results of the discontinued operations for the years ended December 31, 2014, 2013 and 2012.
(in millions) |  | 2014 |  |  | 2013 |  |  | 2012 |
Net sales |  | $ | 369.4 |  |  | $ | 453.8 |  |  | $ | 456.3 |
(Loss) income from discontinued operations before income taxes |  | $ | (90.8 | ) |  | $ | 34.4 |  |  | $ | 18.8 |
Income taxes |  |  | 23.5 |  |  |  | 12.5 |  |  |  | 7.4 |
(Loss) income from discontinued operations, net tax |  | $ | (114.3 | ) |  | $ | 21.9 |  |  | $ | 11.4 |
The 2014 loss from discontinued operations, net of tax, included a loss on sale of the Simonton business of $111.2 million as well as $14.1 million of restructuring and impairment charges for Waterloo in order to remeasure this business at the estimated fair value less costs to sell. The following table summarizes the major classes of assets and liabilities of Simonton and Waterloo, which are now reflected as a discontinued operations on the consolidated balance sheet:
(in millions) |  | December 31, 2014 |  |  | December 31, 2013 |
|  | (Waterloo only) |  |  | (Simonton and Waterloo) |
Accounts receivable, net |  | $ | 40.1 |  |  | $ | 74.3 |
Inventories |  |  | 15.9 |  |  |  | 42.6 |
Other current assets |  |  | 7.3 |  |  |  | 9.5 |
Total current assets |  |  | 63.3 |  |  |  | 126.4 |
Property, plant and equipment, net |  |  | 13.3 |  |  |  | 66.2 |
Goodwill |  |  | — |  |  |  | 86.1 |
Identifiable intangibles, net |  |  | — |  |  |  | 123.9 |
Other non-current assets |  |  | 4.0 |  |  |  | 1.5 |
Total assets |  | $ | 80.6 |  |  | $ | 404.1 |
Accounts payable |  | $ | 8.5 |  |  | $ | 29.0 |
Other current liabilities |  |  | 9.0 |  |  |  | 31.8 |
Total current liabilities |  |  | 17.5 |  |  |  | 60.8 |
Other non-current liabilities |  |  | 3.4 |  |  |  | 57.0 |
Total liabilities |  | $ | 20.9 |  |  | $ | 117.8 |

X
- Definition Tabular disclosure of disposal groups, which may include the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. Also may include the amount of adjustments to amounts previously reported in discontinued operations such as resolution of contingencies arising from the disposal transaction or the operations of the component prior to disposal. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1361-107760 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6892542&loc=d3e957-107759 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1510-107760 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1474-107760 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 45 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=8077374&loc=d3e2443-110228 + Details
Name: | us-gaap_ScheduleOfDisposalGroupsIncludingDiscontinuedOperationsIncomeStatementBalanceSheetAndAdditionalDisclosuresTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration